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Lefroy Exploration Ltd. ( (AU:LEX) ) just unveiled an update.
Lefroy Exploration has reported a strong start to mining at its high-grade Lucky Strike Gold Mine near Kalgoorlie, with 253,400 bank cubic metres of pre-strip waste material already removed from the Stage 1 pit and first ore intersections expected by the end of December. The company has completed key site infrastructure, commissioned a second waste dump to accelerate pre-strip movement, and remains on schedule to begin ore haulage in January 2026 ahead of its inaugural toll-milling campaign in February 2026, supported by a profit-sharing agreement and a $2.5 million cash advance facility with BML Ventures that leave Lefroy fully funded into 2026.
More about Lefroy Exploration Ltd.
Lefroy Exploration Ltd is an Australian gold exploration and development company focused on advancing its Lucky Strike Gold Project near Kalgoorlie in Western Australia. The company is transitioning from exploration to production through a profit-sharing mining arrangement and toll-milling strategy, aiming to become a new gold producer in a favourable gold price environment.
Average Trading Volume: 427,626
Technical Sentiment Signal: Buy
Current Market Cap: A$67.07M
For an in-depth examination of LEX stock, go to TipRanks’ Overview page.